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To: greenehugh who wrote (5761)10/8/2001 6:29:13 PM
From: changedmyname  Respond to of 6873
 
re: AATK: I'm not so sure, maybe you should read this:

messages.yahoo.com

**HERE IT IS** THIS IS WHAT YOU BOUGHT
by: the_voice_of_reason260 10/08/01 06:26 pm
Msg: 13124 of 13124

First off, the biggest misconception is that AATK somehow owns the technology to these "specialized alarms."

Well, I hate to break it to you, but they DON'T. All you have bought into is a company that ASSEMBLES the alarms. And worse than that, the contract is TINY!

Of course you want further proof. It's very easy. Go to AATK's own website and search under year 2000 Press Releases. Here, I'll even link you to it:

aatk.com

Now, check out the 2nd PR from LAST YEAR'S ORDER (Remember, they said they got a 7,000 unit order, whereas they had a 6,000 unit order LAST YEAR). It's PR # 93. Here's the direct link to the PR:

aatk.com

-------------------------------
AMERICAN ACCESS TECHNOLOGIES' OMEGA SUBSIDIARY LANDS ARMY CONTRACT FOR CHEMICAL WARFARE ALARMS - NEW SPOT WELDER KEEPS JOBS IN-HOUSE

LAKE MARY, FL - Sept. 29, 2000

American Access Technologies, Inc. (Nasdaq:AATK) announced today that it has taken delivery on a 200 KVA aluminum spot welder to assist in production of its 6,000-unit order for specialized alarms that detect chemical warfare for the U.S. government.

Matthews Associates, Inc., the prime contractor for the government job, awarded the $138,000-plus manufacturing sub-contract to Omega Metals, American Access' wholly-owned manufacturing subsidiary. The spot welder will initially be used for this job, but others are anticipated.

"We elected to buy and pay cash for the spot welder, rather than sub out this work. This is consistent with our policy to do as much work as possible in-house," said John Presley, president of American Access.

"These alarms detect possible intrusion of chemical agents. The U.S. Army disperses them throughout battlefield conditions, and they have been and are being used in any number of skirmishes around the world," explained Herb Hugo, of Matthews and Associates.

To accommodate the growing demand for American Access zone cabling cabinets and for custom metal fabricating for the government and other major customers in the Southeast United States, Omega Metals recently doubled its factory capacity to 67,500 sq. ft.
-----------------------------------

There you go!

AATK and their subsidiary Omega Metals basically just weld this shit together.

And this "blockbuster" contract from a year ago was only worth $138,000. That's thousands.

So a 16% increase in that contract gets you to $160,000. Again, that's one hundred sixty thousand dollars.

AATK needs cash as evidenced by their 10Q filings (posted earlier). This contract sure isn't going to help.

So a contract worth less than $200k moves the company up 200%. Not bad.

Suckers.



To: greenehugh who wrote (5761)10/9/2001 9:00:48 AM
From: Art Baeckel  Respond to of 6873
 
AATK@4.56 with no shares to short at Datek!

ART



To: greenehugh who wrote (5761)10/10/2001 5:11:15 PM
From: backman  Read Replies (1) | Respond to of 6873
 
hehheh...you got anything else i should be concerned about?

got any other tips like CPHD?
Message 16480731

"buy the dips?" GMAFB..."dips buy the dips"